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LAS VEGAS (AP) — A proposed high-speed passenger train between Las Vegas and Southern California got another boost on Tuesday with Biden administration approval to issue $2.5 billion in tax-exempt bonds for the $12 billion project. The announcement benefiting the Brightline West project followed a $3 billion U.S. Department of Transportation grant in December and government authorization in 2020 for the company to sell $1 billion in similar bonds. "We appreciate the confidence placed in us by DOT and are ready to get to work,” Brightline founder and Chairman Wes Edens said in a statement. The 218-mile (351-kilometer) Brightline West project aims to whisk passengers at 186 mph (300 kph) or more in electric trains on new tracks along the Interstate 15 corridor — cutting in half a four-hour freeway trip between Las Vegas and suburban San Bernardino County near Los Angeles. No date has been announced for work to start, but officials have said it might be operational by the Summer Olympics in Los Angeles in 2028.

Persons: Biden, ”, Wes Edens, Sen, Jacky Rosen Organizations: LAS VEGAS, . Department of Transportation, Brightline Holdings, Los Angeles . Planners, Nevada -, Nevada U.S, Democrat, Summer Locations: Las Vegas, Southern California, Florida, U.S, Miami, Orlando, San Bernardino County, Los Angeles, Nevada, Nevada - California, Congress

LAS VEGAS (AP) — A planned high-speed rail line between Las Vegas and the Los Angeles area got a Biden administration pledge on Tuesday of $3 billion to help start laying track, Nevada elected officials said. But Rosen said electric-powered trains could be carrying passengers by the time Los Angeles hosts the Summer Olympics in 2028. “Connecting Las Vegas and Southern California by high-speed rail will create tens of thousands of good-paying union jobs, boost our Southern Nevada tourism economy, and finally help us cut down on I-15 traffic," Cortez Masto said Tuesday in a statement. Calls for a high-speed rail line whisking tourists through the Mojave Desert to Las Vegas date at least to 2001, said U.S. Rep. Dina Titus, a Democrat who represents the Las Vegas Strip. Other places where high-speed trains have been proposed include the 240 miles (386 kilometers) in Texas between Dallas and Houston, and a 500-mile (805-kilometer) system linking Los Angeles and San Francisco that has faced swelling costs, funding questions and other delays.

Persons: Sen, Jacky Rosen, Rosen, “, ” Wes Edens, Joe Biden, Catherine Cortez Masto, Biden, Cortez Masto, Dina Titus Organizations: LAS VEGAS, Brightline, Angeles, Nevada -, U.S, Rep, Democrat, Las, Brightline Holdings Locations: Las Vegas, Los Angeles, Nevada, U.S, Florida, California, Victorville , California, San Bernardino County, Rancho Cucamonga, Nevada - California, Southern California, Southern Nevada, Florida's, Miami, Orlando, Texas, Dallas, Houston, San Francisco

The logo for Morgan Stanley is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. The plaintiffs said Morgan Stanley convinced them to invest about $281 million, but hid details of a Brightline preferred share transaction that should have required the loan be prepaid at a "make-whole" amount they estimated at $750 million. Morgan Stanley was also accused of having swapped out one document with the signature of a Certares affiliate, to make it seem like the affiliate had read and agreed to the preferred share transaction. In a statement, Morgan Stanley said "the firm does not believe the claims have merit and will defend itself vigorously." The case is CK Opportunities Fund I LP et al v Morgan Stanley Senior Funding Inc et al, New York State Supreme Court, New York County.

Persons: Morgan Stanley, Andrew Kelly, Morgan, Brightline, Tatiana Bautzer, Jonathan Stempel, Rosalba O'Brien Organizations: New York Stock Exchange, REUTERS, Certares Management, Knighthead Capital Management, Brightline Holdings, Fortress Investment Group, Las, New York, Court, Thomson Locations: Manhattan , New York City, U.S, New York, Manhattan, Florida, Los Angeles, Las Vegas, Brightline, New, Court , New York County

☆ The US still waits for its high-speed rail revolution
▼ + stars: | 2023-04-18 | by ( Ben Jones | ) edition.cnn.com time to read: +15 min

So why doesn’t the United States have a high-speed rail network like those? Many Americans have no concept of high-speed rail and fail to see its value. William C. Vantuono, editor-in-chief of Railway Age“Many Americans have no concept of high-speed rail and fail to see its value. Corridors for the greatest potentialBrightline West and CHSR offer templates for the future expansion of high-speed rail in North America. “Where those conditions apply in Europe and Asia, high-speed rail reduces air’s share of the market from 100% to near zero.

☆ High-speed train from Las Vegas to Los Angeles in the works after Brightline reaches agreement with unions on $10 billion project
▼ + stars: | 2023-03-04 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Brightline announced a deal with rail unions to build a 218-mile, high-speed line from Las Vegas to Los Angeles. The company plans to connect Las Vegas to Southern California via rail capable of traveling 200 mph. A Las Vegas tourism website estimates that a trip from Los Angeles to Las Vegas by car takes an average of four hours, depending on traffic conditions. The rail line is set to run from Las Vegas to Los Angeles, according to the company's website. The press release said the rail line will have stops in Rancho Cucamonga, Apple Valley, and Hesperia, California.

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